Summary
Double check the details before opening your account
Term Deposit
Lock away your money safely and know exactly what your return will be with a fixed interest rate and a choice of terms
The important numbers
| $1,000 - $2,000,000 Deposit amount |
| Earn a standard rate based on the term selected |
| Bonus rates may be added, including an extra 0.20% p.a. for opening online2 |
| $0 Set up fees |
| $0 Account-keeping fee |
What you get
- Choose a timeframe that suits your needs
- Know exactly what your return will be with a fixed rate of return
- If you’re an existing BankSA customer you may be eligible for a bonus rate on top of our standard rates.
- Deposits up to $250,000 are guaranteed by the Australian government.
- To open a joint Term Deposit, or Term Deposit for a trust or self-managed super fund, please visit us in branch, or contact your Relationship Manager
5.00% p.a. special offer1
5.00% p.a. online offer comprises 4.80% p.a. special fixed rate offer for 11 months1, plus 0.20% p.a. online bonus rate2 for opening or renewing online. It’s available to BankSA personal and business customers who open or renew a $1,000-$5,000,000 Term Deposit after 4/12/2024. Rate applied to account with interest paid at maturity. Terms and conditions apply.
Important information
1. Special Offer
- Existing BankSA personal and sole trader customers taking up a Special Offer Term Deposit.
- Opened, or renewed during the grace period, via Internet Banking, the App or by talking to us. Not available in Business Banking Online.
- Not available for Financial Institutions or Government customers.
- For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
- We reserve the right to withdraw, amend or extend the offer at any time.
- Rate and offer apply for a single term.
- Higher or lower rates may apply for subsequent terms.
- You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
- If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.
2. Online Bonus Offer
- Term Deposits opened or renewed during the grace period via Internet Banking or the App only. Not available in Business Banking Online.
- The bonus offer will be applied in conjunction with any other rate offer that may apply.
- Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.
- For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
- We reserve the right to withdraw, amend or extend the offer at any time.
- Rate and offer apply for a single term.
- Higher or lower rates may apply for subsequent terms.
- You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
- If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.